FREYR Battery Inc (FREY)’s stock has witnessed a price hike of 8.28% from the previous close with its current price standing at $1.70. Its current price is -40.35% under its 52-week high of $2.85 and 86.73% more than its 52-week low of $0.91. Based on the past 30-day period, the stock price is -35.71% below the high and +9.97% above the low.
The 200-day Simple moving average is often placed more emphasis on by traders because of daily price changes. Investors will use the SMA-200 in different situations in trading activity as a key indicator to determine their support and resistance levels, and at the moment, FREY’s SMA-200 is $1.6029.
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FREY’s price to book ratio for the most recent quarter was 0.44, resulting in an 1.30 price to cash per share for the period.
How does FREYR Battery Inc (FREY) stock rate among analysts? Buy, sell, or hold?
The key to trading is to concentrate on the future rather than on the past. During uncertain times, it can be hard to make decisions. The analysts who understand how a market works are usually the most accurate at forecasting its future. Currently, there are 1 brokerage firms that recommend the stock as a Hold. The ratings are commonly aggregated into a single number between 1 and 5. Buy or strong buy is scored 5, outperform is scored 4, hold is scored 3, underperform is scored 2 and strong sell is 1. Using a scale of 1-5, the current average recommendation is 3.00 in simple terms.
FREYR Battery Inc (NYSE: FREY) Ownership Details
I will give a breakdown of the key shareholders in FREYR Battery Inc (FREY). Recent figures show that the company’s insiders hold 15.47% of shares. A total of 172 institutional investors hold shares in the company, making 41.57% of its stock and 49.18% of its float.
Sep 30, 2024, it was reported that the Company’s largest institutional holder is Encompass Capital Advisors, LLC holding total of 13.46 shares that make 9.58% of the company’s total number of shares and are currently priced at 23.09 million.
The securities firm Kim, LLC holds 11.5 shares of FREY, making it the second largest institutional shareholder. Taking this into account, the holding percentage comes to 8.19%, and the holding percentage of shares is valued at 19.72 million.
An overview of FREYR Battery Inc’s technicals
In order to learn about trade movements and investor behavior, it is best to analyze the short, medium, and long term technical indicators along with the average volume of a stock. A 20-day average of the stock’s daily volume suggests FREYR Battery Inc (FREY) traded 2,573,008 shares per day, with a moving average of $1.9555 and price change of -0.4500. With the moving average of $1.5942 and a price change of +0.6800, about 3,701,897 shares changed hands on average over the past 50 days. Finally, FREY’s 100-day average volume is 2,500,490 shares, alongside a moving average of $1.3951 and a price change of -0.0800.
